This currency pair is aimed at testing the psychological level of 110.00. From June 30, the US Federal Reserve will lift the restrictions on the payment of dividends and repurchase of shares for American banks, which was introduced in the spring of last year at the height of the coronavirus pandemic.

The Federal Reserve is confident in the financial stability of the banking system and is ready to lift the moratorium on the distribution of net profit of credit institutions among shareholders. This is a positive signal for the US stock market and this currency pair, inasmuch as assets are historically correlated with each other.

Investment idea: Buy 109.40/109.20 and take profit 110.00.